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Real Estate
Reply to "Buying a house with young kids"
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[quote=Anonymous]People do that cause they don’t have money to stretch with. We went from 500K home to 1.1 m home about 10 years later. We just couldn’t stretch to 1.1 when we first bought. With 1-1.5 million range, you probably could aim for a longer term home, rather than aim to buy and move in 5-7 years, unless you think in 5-7 you’d want to move into 1.5-2 m home. Only you can answer this. The transaction cost of buying, selling, moving is relatively high, so if you can stretch financially and get something you can stay in for the next 10-15 years, that would make more sense. Of course, no one knows what happens in future, a new job, unexpected move, twins, so you could still end up moving. [/quote]
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